Apple CEO Cook's annual salary dropped from $ 1.57 million to $ 1.16 million

San Francisco, CA January 4, 2020, Saturday

Apple's financial performance was down, compared with last year's company CEO Tim Cook's annual salary of $ 8 million (approx. 1 million). In the 5th, Cook received an annual salary of $ 8 million (approximately Rs 1 crore).

Cook is paid $ 1 million as a basic salary. When the balance is paid in bonus and incentive. However, this incentive and bonus are associated with the company's performance. Cook's incentives and bonuses were down to Apple's poor performance in the 7th.

Apple's total sales were only 7 percent above its target. In the 4th, Cook was paid another $ 2,5,000 for security and private jet service. For safety and effectiveness reasons, the board wants Cook to use private jets for business and personal travel.

According to information released to the Securities and Exchange Commission, Cook has $ 1.5 million in stock in addition to salary. The shares have been given to him for long-term returns as head of the company.

Apple iPhone sales have dropped in the 4th. According to data released to the Security and Exchange Commission, Apple's net sales for the 1st quarter were $ 8.3 billion and operating income was $ 1.8 billion.